The annual rate of inflation based on All India Wholesale Price Index (WPI) number is 0.39% (provisional) for the month of May, 2025 (over May, 2024). Positive rate of inflation in May, 2025 is primarily due to increase in prices of manufacture of food products, electricity, other manufacturing, chemicals and chemical products, manufacture of other transport equipment and non-food articles etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:
| Index Numbers and Annual Rate of Inflation (Y-o-Y in %) * | |||||||
| All Commodities/Major Groups | Weight (%) | March-25 (F) | April-25 (P) | May-25 (P) | |||
| Index | Inflation | Index | Inflation | Index | Inflation | ||
| All Commodities | 100.00 | 154.8 | 2.25 | 154.2 | 0.85 | 154.1 | 0.39 |
| I. Primary Articles | 22.62 | 185.5 | 1.26 | 184.4 | -1.44 | 184.3 | -2.02 |
| II. Fuel & Power | 13.15 | 152.1 | 0.00 | 148.1 | -2.18 | 146.7 | -2.27 |
| III. Manufactured Products | 64.23 | 144.6 | 3.21 | 144.9 | 2.62 | 144.9 | 2.04 |
| Food Index | 24.38 | 189.3 | 4.93 | 189.3 | 2.55 | 189.5 | 1.72 |
Note: F: Final, P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year
The month over month change in WPI for the month of May, 2025 stood at (-) 0.06% as compared to April, 2025. The monthly change in WPI for last six-month is summarized below:
| Month Over Month (M-o-M in %) change in WPI Index# | |||||||
| All Commodities/Major Groups | Weight | Dec-24 | Jan-25 | Feb-25 (F) | Mar-25 (P) | Apr-25 (P) | May-25 (P) |
| All Commodities | 100.00 | -0.45 | -0.45 | -0.06 | -0.06 | -0.39 | -0.06 |
| I. Primary Articles | 22.62 | -2.07 | -2.12 | -1.53 | -0.70 | -0.59 | -0.05 |
| II. Fuel & Power | 13.15 | 1.27 | 0.13 | 0.92 | -0.85 | -2.63 | -0.95 |
| III. Manufactured Products | 64.23 | -0.07 | 0.28 | 0.42 | 0.42 | 0.21 | 0.00 |
| Food Index | 24.38 | -2.10 | -2.30 | -1.10 | -0.05 | 0.00 | 0.11 |
Note: F: Final, P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month
Month-over-Month Change in Major Groups of WPI:
- Primary Articles (Weight 22.62%): – The index for this major group decreased by 0.05 % to 184.3 (provisional) in May, 2025 from 184.4 (provisional) for the month of April, 2025. Price of minerals (-7.16%) and non-food articles (-0.63%) decreased in May, 2025 as compared to April, 2025. The price of food articles (0.56%) increased in May, 2025 as compared to April, 2025.
- Fuel & Power (Weight 13.15%): – The index for this major group declined by 0.95% to 146.7 (provisional) in May, 2025 from 148.1 (provisional) for the month of April, 2025. Price of mineral oils (-2.06%) decreased in May, 2025 as compared to April, 2025. The price of coal (0.81%) and electricity (0.80%) increased in May, 2025 as compared to April, 2025.
- Manufactured Products (Weight 64.23%): – The index for this major group remained unchanged at 144.9 (Provisional) in May, 2025. Out of the 22 NIC two-digit groups for manufactured products, 10 groups witnessed an increase in prices, 9 groups witnessed a decrease in prices and 3 groups witnessed no change in prices. Some of the important groups that showed month-over-month increase in prices were other manufacturing; manufacture of other non-metallic mineral products; computer, electronic and optical products; pharmaceuticals, medicinal chemical and botanical products and textiles etc. Some of the groups that witnessed a decrease in prices were manufacture of food products, basic metals; rubber and plastics products, chemical and chemical products and electrical equipment etc in May, 2025 as compared to April, 2025.
WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 189.3 in April, 2025 to 189.5 in May, 2025. The rate of inflation based on WPI Food Index decreased from 2.55% in April, 2025 to 1.72% in May, 2025.
Final Index for the month of March, 2025 (Base Year: 2011-12=100): For the month of March, 2025, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 154.8 and 2.25% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months is at Annex II. WPI for different commodity groups in the last six months is at Annex III.
Response Rate: The WPI for May, 2025 has been compiled at a weighted response rate of 89.8 per cent, while the final figure for May, 2025 is based on the weighted response rate of 96.4 per cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and inflation numbers are available at our home page http://eaindustry.nic.in.
Next date of Press Release: WPI for the month of June, 2025 would be released on 14/07/205.
Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or next working day, if 14th falls on holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of May, 2025 (Provisional), March, 2025 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and frozen thereafter.
Annex-I
All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for May, 2025
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | Index May-25* | Latest month over Month (MoM) | Inflation (YoY) | Rate of Inflation (YoY) | |||
| Apr-May 2024 | Apr-May 2025* | 2024-25 (Apr-May) | 2025-26 (Apr-May) | May 2024 | May 2025* | |||
| ALL COMMODITIES | 100.00 | 154.1 | 0.39 | -0.06 | 1.96 | 0.62 | 2.74 | 0.39 |
| I. PRIMARY ARTICLES | 22.62 | 184.3 | 0.53 | -0.05 | 6.32 | -1.73 | 7.42 | -2.02 |
| A. Food Articles | 15.26 | 196.2 | 1.27 | 0.56 | 9.00 | -1.21 | 9.93 | -1.56 |
| Cereals | 2.82 | 204.7 | 0.05 | -1.16 | 8.87 | 3.18 | 9.01 | 2.56 |
| Paddy | 1.43 | 199.6 | 0.15 | -0.75 | 11.80 | 1.42 | 11.57 | 0.96 |
| Wheat | 1.03 | 207.8 | -0.25 | -1.80 | 5.98 | 6.58 | 6.27 | 5.75 |
| Pulses | 0.64 | 200.6 | 3.85 | -1.47 | 19.36 | -8.03 | 21.95 | -10.41 |
| Vegetables | 1.87 | 185.3 | 4.00 | -0.27 | 28.02 | -19.97 | 32.59 | -21.62 |
| Potato | 0.28 | 220.0 | 15.44 | 7.63 | 67.64 | -27.04 | 64.05 | -29.42 |
| Onion | 0.16 | 175.8 | 0.64 | -14.03 | 59.09 | -7.13 | 58.98 | -14.41 |
| Fruits | 1.60 | 223.1 | 1.00 | 2.67 | 2.52 | 9.28 | 5.91 | 10.17 |
| Milk | 4.44 | 188.9 | -0.70 | 1.34 | 4.32 | 1.62 | 3.78 | 2.66 |
| Eggs, Meat & Fish | 2.40 | 176.6 | 3.36 | 2.61 | 0.78 | -0.66 | 0.68 | -1.01 |
| B. Non-Food Articles | 4.12 | 158.9 | -0.76 | -0.63 | -4.32 | 1.46 | -3.87 | 1.53 |
| Oil Seeds | 1.12 | 184.2 | -0.17 | 0.71 | -5.75 | 2.34 | -5.08 | 2.79 |
| C. Minerals | 0.83 | 228.1 | 1.38 | -7.16 | 2.66 | 5.03 | 5.73 | 0.44 |
| D. Crude Petroleum & Natural gas | 2.41 | 137.4 | -3.56 | 0.00 | 7.28 | -14.02 | 9.80 | -12.43 |
| Crude Petroleum | 1.95 | 113.9 | -6.83 | 0.00 | 8.67 | -17.01 | 11.07 | -13.97 |
| II. FUEL & POWER | 13.15 | 146.7 | -0.86 | -0.95 | 0.07 | -2.22 | 1.01 | -2.27 |
| LPG | 0.64 | 120.3 | -1.15 | -0.50 | -3.86 | -0.08 | 2.48 | 0.25 |
| Petrol | 1.60 | 144.4 | -0.44 | -1.30 | -0.06 | -8.09 | 0.51 | -8.49 |
| HSD | 3.10 | 158.3 | -0.47 | -1.06 | -1.47 | -5.32 | -1.06 | -5.61 |
| III. MANUFACTURED PRODUCTS | 64.23 | 144.9 | 0.57 | 0.00 | 0.43 | 2.33 | 1.00 | 2.04 |
| Mf/o Food Products | 9.12 | 178.4 | 0.30 | -0.67 | 2.85 | 8.98 | 3.52 | 8.45 |
| Vegetable & Animal Oils and Fats | 2.64 | 186.7 | -0.14 | -1.84 | -3.18 | 27.59 | -1.40 | 26.49 |
| Mf/o Beverages | 0.91 | 135.6 | 0.23 | 0.15 | 1.76 | 1.84 | 1.99 | 1.80 |
| Mf/o Tobacco Products | 0.51 | 182.4 | -1.13 | 0.77 | 2.75 | 3.65 | 1.69 | 4.65 |
| Mf/o Textiles | 4.88 | 136.6 | 0.00 | 0.15 | -0.62 | 0.59 | -0.15 | 0.66 |
| Mf/o Wearing Apparel | 0.81 | 155.0 | -0.72 | 0.58 | 1.87 | 1.31 | 1.33 | 1.97 |
| Mf/o Leather and Related Products | 0.54 | 127.0 | 0.32 | 0.32 | 0.28 | 2.42 | 0.40 | 2.42 |
| Mf/o Wood and of Products of Wood and Cork | 0.77 | 150.2 | 0.07 | -0.07 | 3.46 | 0.54 | 3.10 | 0.47 |
| Mf/o Paper and Paper Products | 1.11 | 140.4 | 0.15 | -0.28 | -5.87 | 1.88 | -5.41 | 1.67 |
| Mf/o Chemicals and Chemical Products | 6.47 | 137.2 | 0.07 | -0.15 | -3.28 | 1.14 | -2.72 | 1.03 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 145.5 | 0.35 | 0.41 | 0.63 | 1.01 | 0.77 | 1.04 |
| Mf/o Rubber and Plastics Products | 2.30 | 129.5 | 0.16 | -0.54 | 0.16 | 1.29 | 0.55 | 0.94 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 133.2 | -0.23 | 0.38 | -1.85 | 0.38 | -1.78 | 0.68 |
| Cement, Lime and Plaster | 1.64 | 132.1 | -0.60 | 0.30 | -3.30 | -0.98 | -3.28 | -0.53 |
| Mf/o Basic Metals | 9.65 | 140.2 | 2.33 | -0.21 | -0.97 | -1.89 | 0.77 | -3.11 |
| Mild Steel – Semi Finished Steel | 1.27 | 118.7 | 3.04 | 0.00 | -1.96 | -1.25 | -0.33 | -2.70 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | 137.4 | 0.29 | 0.22 | -2.44 | 0.77 | -2.36 | 0.73 |
Note: * = Provisional. Mf/o = Manufacture of
Annex-II
WPI Inflation (Base Year: 2011-12=100) for last 6 months
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | WPI based inflation (YoY) figures for last 6 months | |||||
| Dec-24 | Jan-25 | Feb-25 | Mar-25 | Apr-25* | May* | ||
| ALL COMMODITIES | 100.00 | 2.57 | 2.51 | 2.45 | 2.25 | 0.85 | 0.39 |
| I. PRIMARY ARTICLES | 22.62 | 6.02 | 4.58 | 2.92 | 1.26 | -1.44 | -2.02 |
| A. Food Articles | 15.26 | 8.53 | 5.83 | 3.43 | 1.78 | -0.86 | -1.56 |
| Cereals | 2.82 | 6.77 | 7.33 | 6.82 | 5.44 | 3.81 | 2.56 |
| Paddy | 1.43 | 6.93 | 6.22 | 5.17 | 3.67 | 1.87 | 0.96 |
| Wheat | 1.03 | 7.48 | 9.75 | 9.78 | 8.20 | 7.41 | 5.75 |
| Pulses | 0.64 | 5.02 | 5.13 | -0.66 | -3.03 | -5.57 | -10.41 |
| Vegetables | 1.87 | 28.57 | 8.11 | -5.85 | -14.98 | -18.26 | -21.62 |
| Potato | 0.28 | 92.36 | 72.57 | 27.54 | -6.77 | -24.30 | -29.42 |
| Onion | 0.16 | 16.98 | 28.33 | 48.05 | 26.15 | 0.20 | -14.41 |
| Fruits | 1.60 | 11.16 | 15.30 | 20.99 | 20.78 | 8.38 | 10.17 |
| Milk | 4.44 | 2.15 | 2.58 | 1.63 | 1.63 | 0.59 | 2.66 |
| Eggs, Meat & Fish | 2.40 | 5.43 | 3.56 | 1.48 | 0.89 | -0.29 | -1.01 |
| B. Non-Food Articles | 4.12 | 2.40 | 3.01 | 4.97 | 1.62 | 1.40 | 1.53 |
| Oil Seeds | 1.12 | -1.35 | 0.16 | 0.11 | 0.34 | 1.89 | 2.79 |
| C. Minerals | 0.83 | 5.70 | 1.56 | 1.29 | 10.79 | 9.69 | 0.44 |
| D. Crude Petroleum & Natural gas | 2.41 | -6.77 | -0.53 | -4.06 | -7.64 | -15.55 | -12.43 |
| Crude Petroleum | 1.95 | -6.86 | -0.76 | -7.99 | -11.50 | -19.85 | -13.97 |
| II. FUEL & POWER | 13.15 | -2.57 | -1.87 | -0.97 | 0.00 | -2.18 | -2.27 |
| LPG | 0.64 | 2.47 | 2.23 | 0.90 | 0.24 | -0.41 | 0.25 |
| Petrol | 1.60 | -5.09 | -3.64 | -4.21 | -3.86 | -7.70 | -8.49 |
| HSD | 3.10 | -4.30 | -3.61 | -3.20 | -2.88 | -5.04 | -5.61 |
| III. MANUFACTURED PRODUCTS | 64.23 | 2.14 | 2.65 | 3.00 | 3.21 | 2.62 | 2.04 |
| Mf/o Food Products | 9.12 | 9.75 | 10.73 | 11.62 | 11.10 | 9.51 | 8.45 |
| Vegetable & Animal Oils and Fats | 2.64 | 31.82 | 33.74 | 34.59 | 31.37 | 28.69 | 26.49 |
| Mf/o Beverages | 0.91 | 1.89 | 1.51 | 1.81 | 1.74 | 1.88 | 1.80 |
| Mf/o Tobacco Products | 0.51 | 4.40 | 4.02 | 2.63 | 3.18 | 2.67 | 4.65 |
| Mf/o Textiles | 4.88 | 2.32 | 2.24 | 1.86 | 1.64 | 0.52 | 0.66 |
| Mf/o Wearing Apparel | 0.81 | 1.65 | 2.19 | 1.71 | 1.98 | 0.65 | 1.97 |
| Mf/o Leather and Related Products | 0.54 | 1.53 | 3.24 | 2.18 | 1.37 | 2.43 | 2.42 |
| Mf/o Wood and of Products of Wood and Cork | 0.77 | 0.47 | 1.01 | 0.20 | 0.60 | 0.60 | 0.47 |
| Mf/o Paper and Paper Products | 1.11 | -0.07 | 0.58 | 2.39 | 2.17 | 2.10 | 1.67 |
| Mf/o Chemicals and Chemical Products | 6.47 | 0.59 | 1.03 | 1.11 | 0.96 | 1.25 | 1.03 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 0.49 | 1.40 | 0.83 | 0.98 | 0.98 | 1.04 |
| Mf/o Rubber and Plastics Products | 2.30 | 1.18 | 1.65 | 1.64 | 1.33 | 1.64 | 0.94 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | -2.73 | -1.64 | -0.37 | -0.53 | 0.08 | 0.68 |
| Cement, Lime and Plaster | 1.64 | -6.26 | -5.10 | -2.50 | -2.46 | -1.42 | -0.53 |
| Mf/o Basic Metals | 9.65 | -1.50 | -1.15 | -0.43 | 0.58 | -0.64 | -3.11 |
| Mild Steel – Semi Finished Steel | 1.27 | -0.85 | 0.09 | 0.60 | 1.11 | 0.25 | -2.70 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | -1.45 | -1.81 | -1.09 | 0.15 | 0.81 | 0.73 |
Note: * = Provisional. Mf/o = Manufacture of
Annex-III
Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months
| Commodities/Major Groups/Groups/Sub-Groups/Items | Weight | WPI Numbers for last 6 months | |||||
| Dec-24 | Jan-25 | Feb-25 | Mar-25 | Apr-25* | May* | ||
| ALL COMMODITIES | 100.00 | 155.7 | 155.0 | 154.9 | 154.8 | 154.2 | 154.1 |
| I. PRIMARY ARTICLES | 22.62 | 193.8 | 189.7 | 186.8 | 185.5 | 184.4 | 184.3 |
| A. Food Articles | 15.26 | 207.5 | 199.8 | 195.9 | 194.8 | 195.1 | 196.2 |
| Cereals | 2.82 | 211.4 | 212.3 | 213.1 | 211.1 | 207.1 | 204.7 |
| Paddy | 1.43 | 205.3 | 203.1 | 203.6 | 203.2 | 201.1 | 199.6 |
| Wheat | 1.03 | 215.5 | 219.6 | 221.2 | 217.6 | 211.6 | 207.8 |
| Pulses | 0.64 | 224.0 | 217.1 | 209.3 | 205.0 | 203.6 | 200.6 |
| Vegetables | 1.87 | 288.5 | 222.6 | 188.2 | 179.4 | 185.8 | 185.3 |
| Potato | 0.28 | 365.1 | 292.5 | 216.3 | 199.7 | 204.4 | 220.0 |
| Onion | 0.16 | 414.7 | 316.6 | 303.8 | 272.6 | 204.5 | 175.8 |
| Fruits | 1.60 | 193.3 | 196.7 | 209.8 | 218.5 | 217.3 | 223.1 |
| Milk | 4.44 | 185.6 | 187.0 | 186.5 | 187.2 | 186.4 | 188.9 |
| Eggs, Meat & Fish | 2.40 | 174.7 | 174.7 | 171.5 | 170.4 | 172.1 | 176.6 |
| B. Non-Food Articles | 4.12 | 166.2 | 167.5 | 167.0 | 162.6 | 159.9 | 158.9 |
| Oil Seeds | 1.12 | 182.8 | 183.4 | 178.9 | 179.3 | 182.9 | 184.2 |
| C. Minerals | 0.83 | 230.1 | 227.2 | 227.9 | 245.5 | 245.7 | 228.1 |
| D. Crude Petroleum & Natural gas | 2.41 | 141.9 | 150.9 | 148.7 | 145.1 | 137.4 | 137.4 |
| Crude Petroleum | 1.95 | 119.5 | 130.0 | 124.4 | 120.8 | 113.9 | 113.9 |
| II. FUEL & POWER | 13.15 | 151.8 | 152.0 | 153.4 | 152.1 | 148.1 | 146.7 |
| LPG | 0.64 | 124.6 | 123.7 | 123.0 | 123.7 | 120.9 | 120.3 |
| Petrol | 1.60 | 149.2 | 150.8 | 152.5 | 151.8 | 146.3 | 144.4 |
| HSD | 3.10 | 164.6 | 165.6 | 166.6 | 165.4 | 160.0 | 158.3 |
| III. MANUFACTURED PRODUCTS | 64.23 | 143.0 | 143.4 | 144.0 | 144.6 | 144.9 | 144.9 |
| Mf/o Food Products | 9.12 | 176.8 | 177.5 | 178.7 | 180.1 | 179.6 | 178.4 |
| Vegetable & Animal Oils and Fats | 2.64 | 185.6 | 187.5 | 189.9 | 191.4 | 190.2 | 186.7 |
| Mf/o Beverages | 0.91 | 134.5 | 134.4 | 134.7 | 134.8 | 135.4 | 135.6 |
| Mf/o Tobacco Products | 0.51 | 180.3 | 181.2 | 179.8 | 181.9 | 181.0 | 182.4 |
| Mf/o Textiles | 4.88 | 136.8 | 137.0 | 136.9 | 136.5 | 136.4 | 136.6 |
| Mf/o Wearing Apparel | 0.81 | 154.4 | 154.2 | 154.3 | 154.5 | 154.1 | 155.0 |
| Mf/o Leather and Related Products | 0.54 | 126.0 | 127.5 | 126.4 | 125.4 | 126.6 | 127.0 |
| Mf/o Wood and of Products of Wood and Cork | 0.77 | 148.3 | 149.6 | 149.8 | 150.0 | 150.3 | 150.2 |
| Mf/o Paper and Paper Products | 1.11 | 138.3 | 139.5 | 141.2 | 141.0 | 140.8 | 140.4 |
| Mf/o Chemicals and Chemical Products | 6.47 | 136.5 | 136.8 | 136.9 | 136.9 | 137.4 | 137.2 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 144.0 | 145.0 | 145.1 | 144.8 | 144.9 | 145.5 |
| Mf/o Rubber and Plastics Products | 2.30 | 129.0 | 129.3 | 129.8 | 129.9 | 130.2 | 129.5 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 131.7 | 132.2 | 133.3 | 132.4 | 132.7 | 133.2 |
| Cement, Lime and Plaster | 1.64 | 130.2 | 130.2 | 132.8 | 131.0 | 131.7 | 132.1 |
| Mf/o Basic Metals | 9.65 | 137.5 | 137.2 | 137.9 | 139.5 | 140.5 | 140.2 |
| Mild Steel – Semi Finished Steel | 1.27 | 116.8 | 117.3 | 117.4 | 118.3 | 118.7 | 118.7 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | 135.9 | 135.3 | 136.1 | 136.4 | 137.1 | 137.4 |
Note: * = Provisional. Mf/o = Manufacture of
***
Abhishek Dayal/Abhijith Narayanan
